How does it feel to own something without knowing its value? It’s risky right? Imagine you’re a gamer in Nigeria and you want a $20 Steam gift card. But wait—how much is that in Naira?
Knowing its value at various denominations in your local currency is important, especially if you’re planning to buy or sell the gift card because you can sell it off at a value way less than it should be.
Understanding the Value of a $20 Steam Gift Card i n Naira
First, you need to understand that the value of the dollar in Naira fluctuates due to changes in the exchange rate. This rate can be influenced by various factors, including economic conditions, market demand, etc.
To find the current exchange rate, you can use a reliable currency conversion website or simply search for “USD to NGN exchange rate” on Google.
Let’s say, for example, you look up the current exchange rate and find that currently, 1 US Dollar (USD) equals 1,596 Nigerian Naira (NGN).
P.S. This rate can change daily, so it’s crucial to check for the most recent rate before making any conversions.
Once you have the current exchange rate, converting the value is straightforward.
Follow this step-by-step guide:
- Determine the Amount in USD: You know you have a $20 Steam gift card.
- Find the Current Exchange Rate: The rate of 1 USD = 1,596 NGN.
- Multiply to Convert: Multiply the amount in USD by the exchange rate.
20 USD×1,596 NGN/USD =31,920 NGN.
So, at an exchange rate of 1,596 NGN per USD, a $20 Steam gift card would be worth 31,920 NGN.
Steam gift cards usually come in $5, $10,$20, $25,$50, $100, etc.
Their corresponding values in Naira are as follows:
$5 Steam gift card = 5 x 1,596 = 7,980 NGN
$10 Steam gift card = 10 x 1,596 =15,960 NGN
$25 Steam gift card = 25 x 1,596 = 39,900NGN
$50 Steam gift card = 50 x 1,596 = 79,800 NGN
$100 Steam gift card = 100 x 1596 = 159,600 NGN
Where Can I Buy Steam Gift Card In Nigeria
You can buy Steam gift cards online from the Steam Wallet.
Also, websites like Jumia and Konga sell Steam gift cards. They provide various denominations, and you can pay using different payment methods, including bank transfers and credit/debit cards.
Larger supermarket chains, such as Shoprite, also sell Steam gift cards. Sometimes electronics stores and gaming shops may stock Steam gift cards. Stores in major cities like Lagos and Abuja often have these cards.
How Can I Buy Steam Gift Card
Online
Follow these steps to buy it online:
- Go to the Steam Website or download the Steam Mobile App
- If you already have an account, log in to your account.
If not, you create an account
- Go ahead and select the gift card amount you want to buy
- Choose the receiver and enter the email address.
- Complete the purchase using your preferred payment method.
In-Store
You can buy Steam gift cards from convenience stores and game shops. First, locate a nearby store that sells gift cards. At the convenience store, find the gift card section or ask a store attendant for help. Choose the denomination you need, such as $20, $50, or $100, and make your payment at the checkout counter. Alternatively, visit a game shop that sells video games and accessories. Ask a staff member for a Steam gift card, select the desired amount, and pay at the counter. Always check availability beforehand and keep your receipt in case of any issues.
Best Site To Sell My Gift Card In Nigeria
The best site to sell your Steam gift card in Nigeria is Snappy Exchange.
Now that you know the value of your $20 Steam gift card, if you’re looking for the best platform to sell it for cash in Naira, you’re in the right place!
We offer the best rates with no hidden charges, and our process is so simple that even if you’ve never sold a gift card before, you’ll find it easy to navigate. Our website is designed for user-friendliness and efficiency, making it a breeze to complete your transactions. Plus, we’re proud to be recognized as the fastest loading exchange platform in Nigeria, so you won’t waste any time.
When it comes to customer support, we’ve got you covered. Our team is always ready to assist you, ensuring that you’re never left stranded. We offer prompt responses and round-the-clock service to make sure your experience is smooth and hassle-free.
Using our rate calculator, you can easily determine how much you’ll get for your card. Just input the details, and it’ll show you the exact value based on our current rates. No surprises, no hidden fees – just straightforward transactions.
FAQ
- How Do I Purchase Steam Digital Gift Cards for friends and family?
To purchase a digital Steam Gift Card for a friend or family member’s account, the person must have been your friend on the Steam platform for up to 3 days.
Then, go to Steam Gift Cards. Follow the prompts and complete the purchase.
Once the purchase has been completed, the receiver will receive both an email and a gift notification on their Steam account.
- Are There Any Restrictions On Purchasing Digital Steam Gift Cards?
You and your friend must both have Steam accounts and you’ll need to be friends on Steam for at least.
- Can I Buy a Steam Gift Card For Someone In Another Country?
Yes, you can buy a Steam gift card for someone in another country.
The digital gift card you purchased will automatically be converted into your friend’s currency.
Read Also: How to Activate Steam Wallet Gift Card
Conclusion
You should know the value of your gift card to avoid underpayment in case you plan to sell or trade the gift card. When you know its accurate value, it helps you get a fair deal.
Also, when you know how much the card is worth, you can better plan your purchases on Steam or decide if you need additional funds. If you’re giving the card as a gift, you need to understand its value to be sure you’re giving an appropriate amount.